Self-employed 'not helped' by tax cuts

The self-employed will not be helped by the tax cuts being proposed by politicians, the Tax Advice Network has said.Chairman Mark Lee explained that the 3.8 million self-employed people in the UK will not benefit from the cuts until January 2010.He explained that this is because they do not submit their current accounts until after March of next year, meaning the cuts will not come into effect until January of the following year."Self-employed people are getting forgotten in all this talk about tax cuts as no one is suggesting anything that will provide any immediate benefits for them," he said.Normal employees will benefit from the cuts over the course of the year as their salaries or wages are affected, he added.The Conservative plan to offer tax relief for employers who provide jobs for people who have been unemployed for three months or more was also criticised by Mr Lee.He said that this move would not benefit 'lone trader' businesses of one person.

FINANCIALADVICE.CO.UK IS OWNED BY THE SHEPHERDS FRIENDLY SOCIETY LIMITED WHICH IS AN INCORPORATED FRIENDLY SOCIETY UNDER THE 1992 FRIENDLY SOCIETIES ACT NO. 240F.
AUTHORISED BY THE PRUDENTIAL REGULATION AUTHORITY AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY AND THE PRUDENTIAL REGULATION AUTHORITY AND ENTERED ON THE
FINANCIAL SERVICES REGISTER, NO: 109997.

SHEPHERDS MUTUAL SOLUTIONS IS A TRADING NAME OF FINANCIAL ADVICE NETWORK LIMITED WHICH IS AUTHORISED AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY AND
ENTERED ON THE FINANCIAL SERVICES REGISTER.NO 430769.